Ispire Technology (ISPR) Expected to Announce Earnings on Monday

Ispire Technology (NASDAQ:ISPR - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Monday, February 10th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $38.65 million for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Ispire Technology (NASDAQ:ISPR - Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.10) EPS for the quarter, hitting analysts' consensus estimates of ($0.10). Ispire Technology had a negative net margin of 12.80% and a negative return on equity of 58.50%. The business had revenue of $39.34 million for the quarter, compared to analyst estimates of $45.60 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. On average, analysts expect Ispire Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ispire Technology Stock Down 0.8 %

ISPR stock traded down $0.04 during midday trading on Friday, hitting $4.67. The company's stock had a trading volume of 91,343 shares, compared to its average volume of 43,048. The company's fifty day moving average price is $5.16 and its 200 day moving average price is $6.18. Ispire Technology has a twelve month low of $4.33 and a twelve month high of $12.14.

Ispire Technology declared that its board has authorized a share buyback plan on Wednesday, January 22nd that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the company to purchase up to 4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Separately, Roth Capital upgraded Ispire Technology to a "strong-buy" rating in a research note on Friday, November 8th.

About Ispire Technology

Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.